Software Business Magazine Features Ranking of OPNET Among Top Seven Publicly Traded Software Companies, Based on Sustained Growth and Profitability
BETHESDA, MD - November 30, 2004 --OPNET Technologies, Inc. (NASDAQ: OPNT), a leading provider of management software for networks and applications, today announced that it has been ranked seventh in Capehorn Strategies 2004 Sustained Success Honor Roll, and featured on the front cover of Software Business Magazine's November/December issue.
The honor roll tracks successful software companies based on long-term financial performance. The report compares the financial performance of all 573 publicly traded software companies on U.S. stock exchanges and shows that OPNET is one of seven software companies to have recorded at least nine consecutive years of growth and profitability. Other software companies in the ranking included Microsoft, #1 with 23 years of profitable growth, and Business Objects, #4 with 11 years of profitable growth.
According to the report, "OPNET has compiled a remarkable record of <at least nine> straight years of profitable growth; that is, they grew and were profitable each year from 1995 to 2004. And in the last four years, one of the most dismal periods ever for our industry, they have achieved some outstanding results including: they tripled their revenue from $19.2 million to $56.5 million; they successfully scaled their business, while their revenue tripled, their number of employees only doubled, going from 155 employees in 2000 and 307 in 2004; they had a very healthy net income, averaging 8.8% of revenue per year; and at the end of their 2004 fiscal year, ending March 31, they had $81.5 million in cash and short term investments with no debt."
Marc A. Cohen, OPNET's Chairman and CEO, stated, “We are very pleased to be ranked in the Sustained Success Honor Roll. Although the market continues to be very dynamic from quarter to quarter, we have maintained a disciplined approach to managing our growth. We have focused and invested in our product vision, built strong relationships with our clients, and controlled our spending.”
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. (NASDAQ:OPNT) is a leading
provider of management software for networks and applications.
For more information about OPNET and its products, please visit http://www.opnet.com.
About Capehorn Strategies
Since 1998, Cape Horn Strategies, Inc. has been providing strategic
planning and research services to the software industry. The principal,
Brian Turchin, publishes his company s research findings in the
Executive Strategy column of Software Business magazine. For more
information, please visit http://www.capehornstrategies.com.
About Software Business Magazine
Software Business is a business and technology magazine serving
the software industry. For more information about Software Business,
please visit http://www.softwarebusinessonline.com.
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OPNET, OPNETWORK, OPNET Technologies, and all OPNET product names are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. ("OPNET") assumes no obligation to update statements. Forward-looking statements are predictions based upon information available to OPNET as of the date of this press release and involve risks and uncertainties; therefore, actual events or results may differ materially. For a discussion of risk factors, see OPNET's reports, including its most recent 10-Q and 10-K, filed with the Securities & Exchange Commission.
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Note to editors: The word OPNET is spelled with all upper-case letters
OPNET Media Contact:
Margarita Castillo
OPNET Technologies, Inc.
(240) 497-3000
Media@opnet.com
www.opnet.com
OPNET Investor Relations:
Mel Wesley
OPNET Technologies
(240) 497-3000
ir@opnet.com
www.opnet.com